Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Here’s Why

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price gapped down before the market opened on Monday . The stock had previously closed at $745.39, but opened at $670.56. Direxion Daily MU Bull 2X Shares shares last traded at $649.02, with a volume of 628,086 shares.

Direxion Daily MU Bull 2X Shares Price Performance

The business’s 50-day moving average price is $775.73 and its two-hundred day moving average price is $390.57.

Direxion Daily MU Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $2.047 dividend. This represents a $8.19 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. UBS Group AG acquired a new position in Direxion Daily MU Bull 2X Shares in the fourth quarter valued at $10,100,000. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $716,000. Citadel Advisors LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the 3rd quarter worth about $840,000. Optiver Holding B.V. purchased a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $1,533,000. Finally, Client First Investment Management LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the 4th quarter valued at about $883,000.

About Direxion Daily MU Bull 2X Shares

The Direxion Daily MU Bull 2X Shares (MUU) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Micron Technology, Inc stock. MUU was launched on Oct 10, 2024 and is issued by Direxion.